Tuesday, 8 November 2011

It's all J. K. Rowling's fault

I've finally realized who is responsible for the current financial mess in Europe - it's J. K. Rowling. I think that the malevolent influence of her Gringotts Bank has leaked out of novel-space and is corrupting the real world. Let's look at the evidence.

The way Rowling's wizarding world works is to take some aspect of the real world and twist it in such a way that it becomes odd, strange and lacking real-world logic.

Just look at what has been happening with Italy lately. The financial community has concerns that Italy may not be able to pay its debts. What's the logical thing to do in such circumstances? Obviously lighten the load a bit. Perhaps temporarily reduce the interest rates they have to pay. So what do the financial wonks do? Put their interest rates up. Oh, yes, that will help them stay solvent. Logical? Only if you think quidditch makes any sense.

If this kind of mad, fairytale behaviour isn't enough to convince you, just look at the rating agencies. Can you really believe that companies like Standard and Poors, and Moody's (Moody's?!?) are part of the real world? What logical world would put the financial security of countries in the hands of a few small private companies who can arbitrarily decide if they are good credit risks? This is clearly Potterworld logic.

I'm sorry. I'm sure she's a nice person. But it's time Ms Rowling was hauled in front of a parliamentary committee to explain how she is managing to influence the money matters of the planet.
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